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Oct 10, 2012
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we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into alignment. that means we will trigger across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. it is that for us here in massachusetts. here is why. it keeps lopping off 10%, 15%. we need to move -- use this opportunity to think about the military we need going forward in the 21st century. here is what i am prepared to do. i am prepared to get out there and fight, to talk about what the c5 galaxy means. this is the place where we have giant planes and take big groups and big equipment and have disaster relief all run the world. that is why there should not be a penny of cuts there. the cuts need to be in places like the standing army. we
we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into alignment. that means we will trigger across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. it is that for us here in...
128
128
Oct 9, 2012
10/12
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who knew that he was driving our deficit? we are going after that. he has decided we are going after big bird. elmo is making a run for the border. the governor romney once wall street who run wild, but he is going -- if governor romney wants wall street to run wild, but he is going to bring down the hammer on "sesame street." we cannot afford another round of tax cuts for the wealthy. we cannot afford to roll back regulations on banks and insurance companies. we cannot got our investments on education, clean energy, research, technology. that is not a plan to grow the economy. that is not change. we have been there. we have tried that. we are not going back. we are moving forward. that is why i am running for a second term as president of the united states. [applause] look -- we have got a different view about how you bring jobs and prosperity to america. the strong economy does not trickle down from the top. it grows from a thriving middle- class, and folks working hard to get into the middle-class. i think it is time our tax code stopped rewarding
who knew that he was driving our deficit? we are going after that. he has decided we are going after big bird. elmo is making a run for the border. the governor romney once wall street who run wild, but he is going -- if governor romney wants wall street to run wild, but he is going to bring down the hammer on "sesame street." we cannot afford another round of tax cuts for the wealthy. we cannot afford to roll back regulations on banks and insurance companies. we cannot got our...
88
88
Oct 8, 2012
10/12
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it is a recipe to balloon the federal deficit at a phenomenal rate. it looks like her items were picked off of a menu of politically attractive items. they were, because they were like -- or picked off a list of items with it from someone else outside the state and you should be honest about the fact that these are not original ideas. these are ideas that have been tried and failed over and over again. -- >> mr. murphy -- >> it has not worked for this economy and it will not work for the future. >> we will have closing arguments at the end of the statement. we would invite you if you could to please keep to the questions. our next question is for mrs. mcmahon. >> let's talk about ways to improve social security. should payroll taxes be raised or should more income be applied to the payroll tax rate to improve social security? bill >> let me address again that congressman murphy has not been honest about my position on social security. let me be clear. i will support no budget that will reduce our benefits for social security or medicare. >> the questi
it is a recipe to balloon the federal deficit at a phenomenal rate. it looks like her items were picked off of a menu of politically attractive items. they were, because they were like -- or picked off a list of items with it from someone else outside the state and you should be honest about the fact that these are not original ideas. these are ideas that have been tried and failed over and over again. -- >> mr. murphy -- >> it has not worked for this economy and it will not work...
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Oct 12, 2012
10/12
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it just reduces the deficit. by borrowing less, we have more money available for the private sector. that is a good thing. if they needed it. if there was a shortage of liquidity. ben bernanke has been working on that. that is a different study, too. what i have reported and which has been presented here to some degree is a way to calibrate what the costs and reduced federal spending are. it is not complete. the more recent study which looked at federal spending that he affects payroll as well as procurement, and not just military equipment, as bennett cited, but across all discretionary categories, would it cost $215 billion in lost gdp activity. that is 2/3 of what is projected to grow. if the economy grows at current projections, up to 2% next year, this would represent, to give it a reference point, 2/3 of gdp. at $110 billion, labor can come -- labour income, to understand what is tied to that spending, the analyses that i undertook put some jobs to that, 2.1 million jobs across all sectors of the economy. r
it just reduces the deficit. by borrowing less, we have more money available for the private sector. that is a good thing. if they needed it. if there was a shortage of liquidity. ben bernanke has been working on that. that is a different study, too. what i have reported and which has been presented here to some degree is a way to calibrate what the costs and reduced federal spending are. it is not complete. the more recent study which looked at federal spending that he affects payroll as well...
121
121
Oct 11, 2012
10/12
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the issues facing the campaign of the war-peace issues, the problems of deficits, trade deficits, we are facing a $120 billion trade deficit in this country. we are facing problems with the environment. and in what we will be doing over the next several weeks, and i'm absolutely delighted the league is sponsoring these debates and we are able to speak to the american public and address the issues in a way such as this and i think you're going to see a change. >> vice-president bush, you have one minute for a bottle. >> i was glad to get that vote of confidence from mrs. ferraro on my economic judgment. let me make a statement on the economy. the other day, she was in eggplant and she said to the workers why are you all voting for the reagan-bush ticket? and there was a long, deathly silence. and she says we delivered. that's the problem. not blaming her, except for the liberal voting record in the house, they delivered. they delivered 21.5% interest rates. they delivered what they called malaise. they delivered interest rates that are off the charts. they delivered to come pace, chec
the issues facing the campaign of the war-peace issues, the problems of deficits, trade deficits, we are facing a $120 billion trade deficit in this country. we are facing problems with the environment. and in what we will be doing over the next several weeks, and i'm absolutely delighted the league is sponsoring these debates and we are able to speak to the american public and address the issues in a way such as this and i think you're going to see a change. >> vice-president bush, you...
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Oct 11, 2012
10/12
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clearly america has large and ever-growing deficits. the proposed a tax cut. >> this is a two-step deal. everybody knows we need the big deal. we talk about that and 30 seconds. we're not going to get to the big deal by jumping off the bridge. what we're saying is that it is not the right thing to do to have the largest tax increase in the history of america and to have up $1.20 trillion worth of spending cuts that do not even look at medicare and medicaid across the board without thinking through what is the deal is going to be. anybody from either party should come to a realization that the big deal counts. all we need to do is get a small part of an extension. when you talk about these taxes and spending, it cannot be done by 10 people in the back room. it has to be done in normal order. they are the only people that understand what you're in those bills. >> to and if you really think we're going to jump off a fiscal cliff? >> i think it is at least that the tax cut scheduled to expire to expire. maybe slightly higher. >> you have me
clearly america has large and ever-growing deficits. the proposed a tax cut. >> this is a two-step deal. everybody knows we need the big deal. we talk about that and 30 seconds. we're not going to get to the big deal by jumping off the bridge. what we're saying is that it is not the right thing to do to have the largest tax increase in the history of america and to have up $1.20 trillion worth of spending cuts that do not even look at medicare and medicaid across the board without...
115
115
Oct 8, 2012
10/12
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our national deficit has grown through $16 trillion. the president said he was gone to cut that in half, but it doubled under his watch. very disturbing is that when the president came into office there were 32 million americans on food stamps. today its 47 million. there is still an incredible number of ohioans and americans out there struggling. the choice is clear. we can have four more years like the last four. what america needs is a real recovery. only romney and ryan can provide that. host: when the president took office we were losing 800,000 jobs a month. since the president took office, we have 5.5 million additional jobs. truck about the automobile recovering, he saved the automobile industry and 1/88 jobs in the state are reflective of the auto industry. i worked the railroad 41 years. the guys and women working there, they're happy, jumping up and down because they have employment. one out of eight jobs are connected to the auto industry. not only that, the government at the time, strickland, and the president came to and y
our national deficit has grown through $16 trillion. the president said he was gone to cut that in half, but it doubled under his watch. very disturbing is that when the president came into office there were 32 million americans on food stamps. today its 47 million. there is still an incredible number of ohioans and americans out there struggling. the choice is clear. we can have four more years like the last four. what america needs is a real recovery. only romney and ryan can provide that....